U.S. LNG Permit Freeze Sparks Export Boom in Canada and Mexico

Canada and Mexico are rushing to fill the natural gas vacuum left by the United States’ ongoing moratorium on new liquefied natural gas (LNG) export permits introduced by the Biden Administration in January of this year. The country’s neighbors to the north and south are speeding up their own export capacities to the tune of tens of billions of dollars to capitalize on the newfound market opportunity to provide natural gas to Asian buyers as the world’s biggest LNG exporter takes a break.  On January 26th, President Biden…